Get started

Argentina

AR:BMA Strategy for July 07 and July 08The chart analyses short-term pricing after comparing a 21 EMA bullish trend, 30/50 RSI values, and MACD trends immediately before changing its convergence to overselling, considering moderate volume. These conditions were met seven times between 2016 and 2020, with an average of 15,57% increase in stock price within a span of 9 days on average. In the current case, the starting point is set on 30 June ($198) and ending July 8, before Argentina's Independence Day (July 9 and 10 are free days). I'd suggest selling immediately after the market opens on July 07 (and rebuying when price reaches around $228 on July 08). The current price ($238) could be a consider a resistance, as prices have dropped from there two times before (see orange circles).
BCBA:BMAShort
by lbrina
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well. Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas. To get more ideas like this one, contact me for details on joining my signals service trial for one month, free of charge. Cheers, Ivan Labrie.
NYSE:TXLong
by IvanLabrie
2
A COUNTRY almost in DEFAULT (again). Who's next?--- Please if you find this informative don't forget to give a like. Thank you! --- Just redrawing old ideas from a year ago... Nothing to redraw in fact due it seems they are going to default sooner or later for 19th time in history. You can check for yourself in the related idea just a year ago how the country situation has not improved. This is just a reflection of the symptoms that can already be felt in other countries of the world. Almost all emerging countries suffering high inflation and a continued devaluation of its currency against the dollar, this won't finish well. Other countries to watch: Turkey, Brazil, Australia... all against the dollar that would fall the last. What are your thoughts? Here please you can find a little bit of knowledge and fresh news I wanted to share with you. www.youtube.com Keep safe!
by harribatu
$10 000 Incoming!Hello my friend! We have been waiting for the halving for a long time. As you can see, it looks like after halving, bitcoin will make a golden cross. Which is even more interesting, many countries printing the money, because of the crisis, but only 21 million of the bitcoin exist. There is a state bankruptcy in Argentina, if you see on localbitcoins the people in Argentina pay already about 900 000-1 000 000 Argentin peso for 1 BTC it is converted into US dollars $13 500-$15 000. I believe, that the role of cryptocurrencies will increase in the future. Just because viruses and bacteria stick to traditional money, and the world will not be like this before. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Stay at home, stay safe!
COINBASE:BTCUSDLong
by cryptomaki
Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market. I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today. Highlights: - Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently) - Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold) - Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value) - Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone. The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year. Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position. Please comment if you have any thoughts on AGD/AGLD. GLTA.
ASX:AGDLong
by UnknownUnicorn4409175
17
Why GGAL is ready to recoverGGAL took a big hit to its stock price back in August after the Argentinian peso plunged and Argentina raised interest rates to 60%. Investors feared that would hurt GGAL's earnings, though I've seen no evidence that it has. Now the situation has stabilized, with the peso flat against the dollar for the last few months and interest rates gradually coming down. Rates currently sit at 50%. This should be good news for GGAL, which now has a 9.7/10 average analyst rating. Analysts have been greatly raising GGAL's earnings forecasts. GGAL currently trades at an astonishingly low multiple, even as its huge dividend raise this year should have it trading at a much higher multiple than it has in the past. All signs appear to be good for this stock, and I will be closely watching its earnings report in February to see what the impact of interest rate volatility has been.
NASDAQ:GGALLong
by ChristopherCarrollSmith
Pampa Energia share buybacks ought to be good for the pricePampa Energia (an Argentinian electrical utility and petrochemical producer) is a tough company to gauge, because it's a foreign company and its earnings are unpredictable. It appears very inexpensive with a P/E under 1.5, but analysts expect losses for the next two quarters. Forward P/E is 4.5. The company has a merger in process with PEFM, to be completed in July. Unfortunately I can't find much analysis of the merger. Oddly, this stock trades a little differently on Argentina's stock exchange than it does on the New York stock exchange. Here's the chart on the Argentinian exchange, BYMA: It looks like American traders reacted much more to the merger between Pampa and Petrobras back in 2016. Excluding the anomalous period from 2016 to 2018, the two charts look more similar. However, Pampa is still down more since its last earnings on the US than on the Brazilian exchange. Given the lack of good information available on this company in English, I won't be buying any. But just taking a crack at a prediction for curiosity's sake, I'd guess the stock will start to move higher. Here are some things that should help. First, oil prices are in an uptrend. Second, analyst ratings on the stock have been rising, and it's now got an 8.7/10 summary score from Thompson Reuters. Third, Pampa has been buying back shares at the current price. Yesterday it bought about a million dollars' worth. And fourth, Pampa has support around $15. This is a longer term play; look for a test of the trend line sometime in the next eight months.
NYSE:PAMLong
by ChristopherCarrollSmith
Strange last week, the OPEC decision & near futureThe reasons for the markets getting out of “hibernation” are an active news background interspersed with the news. Recall, it was launched by Trump's decision to impose tariffs on steel from Argentina and Brazil and at the same time accuse these countries of currency manipulation. What was perceived by us as an expansion of the trade war and a possible beginning of the currency war. Well, the week ended with the publication of statistics on the US labour market, as well as the completion of the OPEC meeting. Let's start with statistics on the US labour market. Honestly, it surprised us. The numbers came out abnormally high for the current reality of the US economy (+ 266K with a forecast + 180K). Also, the unemployment rate fell to its record low marks (3.5%). The growth of the dollar against the backdrop of such excellent data was logical. But, given the anomalous nature of the given data, we would not be in a hurry to conclude. At least one more confirmation is needed that + 266K is not a coincidence, but a pattern. So on Monday, we will rely on local profit-taking in the dollar after Friday's growth, and therefore we will look for points for its sales. Note that on Friday our recommendation for news trading in the USDCAD worked out perfectly: excellent US data overlapped with bad figures on the Canadian labour market, as a result, the USDCAD soared by 100 points. Perhaps the most important event in terms of the consequences of the past week was OPEC’s decision to further reduce oil production from 1.2 million to 1.7 million from January 1, 2020. So, we can talk about the OPEC + agreement №3 (recall, the first one, provided for a reduction of 1.8 million barrels, the second one 1.2 million barrels per day). At the same time, Saudi Arabia made an unexpected statement of readiness on its part to further reduce production by another 400 thousand b / d. That is, the total reduction may reach 2.1 million barrels. This is the highest reduction since the cartel's attempts to stabilize the situation in the oil market. Despite the rather modest oil growth on Friday, such an outcome of the OPEC meeting is a very strong bullish signal. So this week, we will look for points for oil purchases. It would seem that after such a busy week the markets need a break, but you should not count on it. This week promises to be even more volatile. Key events are the announcement of the Fed decision on monetary policy parameters in the US, the ECB in the Eurozone, as well as elections in the UK. And although both events seem relatively predictable, there is enough time for surprises. How to make money on each of this news we will write a bit later. As for our positions, we do not see any reason to change our basic strategy (except oil). Therefore, we will continue to buy safe-haven assets (gold is simply perfectly substituted), sell the dollar, and this week we will actively build up a long position on the pound - the victory of conservatives in the UK parliamentary elections will have to hit the pound higher. we will buy oil.
Long
by Trade24Fx
1
ARGT: Argentinian shares bottomed after the Primary electionsIt seems Argentinian stocks have bottomed here for now, after basing for 5 weeks, daily charts show some strength but there's risk going forward after the elections by October 27th. If the next president manages to surprise investors positively, the situation here might improve, and inflation drop down if the dollar is kept in check, and investments start flowing back to the region. I'm skeptical, but risk/reward favors being long from this zone, with a stop under the 22 handle. The main problem remains being the need for labor reform, and reducing the influence of unions, and the enormous government spending, cutting taxes, and stopping the printing press... Let's see how it goes. Cheers, Ivan Labrie.
AMEX:ARGTLong
by IvanLabrie
6
The crisis in Argentina and Corbyn attacks JohnsonThe crisis in Argentina. Argentina’s stock market lost more than 30% on Monday, and the Argentine peso also fell significantly. The ghost of default in Argentina scared investors around the world. Given that it is all about the 25th largest economy in the world, their fears are more than understandable - this could well be a signal for a full-fledged global crisis, the prerequisites for have been formed for a long time ago. In this light, the constant attempts of gold to “gain” a foothold above 1525 are understandable. But on the other hand, our recommendation to sell on growth paid off all week, giving good earnings almost every day. So this week we will continue to adhere to a similar tactic. As for the Pound. Even though its weekly growth was slightly more than 100 points, it is important, that in dollar pair, it was able to gain a foothold above 1.21. The reasons for growth were good statistics on retail sales and the labor market and Brexit. So, last week, pound sellers were flustrated by aggressive rhetoric from the British opposition. Jeremy Corbyn, British politician serving as Leader of the Labour Party and Leader of the Opposition, called for a vote of no confidence and declare a caretaker government that ensures that the country will not leave the EU without a deal and will hold early UK elections. We emphasize that it is all about the rumours, so this week we will continue to look for points for pound purchases. As for the dollar. U.S. retail sales came out pretty good, however, we still continue to recommend its purchasing. Market expectations regarding the September FOMC meeting unchanged - 100% of traders believe that the rate will be lowered by at least 0.25%. This alone is enough to maintain our confidence in a dollar decline. As for the upcoming week, in terms of macroeconomic statistics, it promises to be relatively calm. The main event will be a symposium in Jackson Hole - guaranteed a lot of comments from representatives of leading central banks, which will certainly lead to spikes in volatility in the foreign exchange market. So you should be prepared for this and adjust the parameters of open positions for this factor.
Long
by Trade24Fx
TELECOM ARGENTINA SA - NYSE: $TEO On WatchAfter breaking into higher ground last week on solid volume, shares of TELECOM ARGENTINA SA - NYSE:TEO appear to be turning the tide and in the process, has recaptured its 200 DMA and now finds itself in position to perhaps start its ascent into northern territory evidenced in the Daily chart above. With the move above its 200 DMA, we can observe that TEO now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical posture. In addition, it also appears that TEO may now find itself in the the very early innings of entering Stage II advance. While further work is required, we are placing the stock front-and-center on our radars for further monitoring moving forward with the thought process that the 19-20 and perhaps 22-24 objectives may come into play. Thus, both investors/traders may want to continue to monitor the action in TEO closely in the days/weeks ahead for further evidence that we may just be in the early stages of its next meaningful advance into greener pastures.
NYSE:TEO
by InsiderFinancial
Argentina Financial Crisis Fears ArisesFears once again loomed all over Argentina in a financial crisis rushing to the fore. And over the weekend, President Mauricio Macri had a stunning rout in the primary elections. At the same time, investors dropped its bonds, stocks, and currency en masse in a selloff. And it left Wall Street thinking that the crisis-prone country will have another default. In addition to that, the upset is widely seen as a preview of the presidential vote in October. And it suddenly opens the doors to the possibility of a more protectionist government will take power come December. Also, it might untangle the hard-won gains that Macri build-up to retrieve international markets’ trust. Then, it intensified worries Alberto Fernandez, his populist rival, and Cristina Fernandez, his running mate, will attempt to renegotiate its debts and agreements with the International Monetary Fund. In the coming year, the foreign-currency billion debt is due. Edwin Gutierrez is the head of emerging-market sovereign debt at Aberdeen Asset Management. And he stated, “The market is starting to price in default” and it “is unwilling to give Fernandez the benefit of the doubt.” Debt Payments of Argentina Meanwhile, looking at the credit-default swaps, it suggests that traders are expecting a 75% likelihood that Argentina will suspend its debt payments for about five years. Last Friday, this chance was only about 49%. Then, its dollar-denominated government bonds wiped out about 25% on average. As a result, it dragged down prices to as low as 55 cents on the dollar. Yields, on the other hand, on shorter-maturity notes surged above 35%. Moreover, in Argentina, the peso tumbled as high as 25%, hitting a new record-low 60 per dollar on Monday. Also, the Merval stock index had the most lost in the intraday trading. On Sunday, Macri expected to trail his rival by just a few points and pummeled the polls, with Fernandez in a 15-point lead.
by Financebroker
2
$GGALNASDAQ:GGAL Supera la resistencia en 37,7 y ya opera arriba de 38. Con esto sale de la lateralización a la que ingresó el 27/06/2018, un año entre los valores 37 y 18. De cerrar por encima de la resistencia, podemos esperar que el próximo valor a superar sea 40,5, una resistencia de 2017. Además podríamos esperar que se acentúe la suba y que mañana la apertura sea por encima del valor marcado. MACD muestra valores por encima de la línea de señal y comienza a despegarse de la misma. Continúa la tendencia pronunciada que se aceleró el 28/06/2019, veremos si es capaz de mantenerla o en qué valor será la ruptura
NASDAQ:GGAL
by TradingToro
$VALOBCBA:VALO Reproducí el patrón de velas entre el 04 y el 12 de junio para proyectar el precio de este papel. Utilice las últimas dos velas que encajan a la perfección con las de la proyección y obtuve que debería irse hasta el 1.5 de la extensión de Fibonacci en 9. Con el MACD rebotando sobre la línea de señal esto podría implicar una suba pronunciada que podría llevarla a valores de la resistencia histórica del 17/02/2018 que hizo doble techo el 10/04/2018 y luego generó toda la caída desde la cual se está remontando.
BCBA:VALO
by TradingToro
1
$GGALBCBA:GGAL En el papel argentino, mantiene la bandera que formó, hoy fue a testear el límite superior de este canal formado, que ya lleva 11 ruedas, y luego contrajo hasta 149, le cuesta el número redondo de 150. En mi opinión, rompería al alza luego de 6 ruedas, siguiendo la directriz identificada con la línea punteada de color rosa. En caso de superar los 150 debería luego testear la línea de 1,236 de la extensión de Fibonacci para continuar con la tendencia alcista. En el MACD histograma muy cerca de 0, posiblemente opere en estos valores por estas ruedas hasta que rompa con la resistencia de 150 para salir hacia arriba.
BCBA:GGALLong
by TradingToro